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'Learning to bring dead capital to life': the Riksens Ständers Bank and the credit market in seventeenth-century Sweden
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Arts, Department of History.ORCID iD: 0000-0001-9261-0700
2019 (English)In: Continuity and Change, ISSN 0268-4160, E-ISSN 1469-218X, Vol. 34, no 2, p. 209-230Article in journal (Refereed) Published
Abstract [en]

Successful mortgage lending is often said to require a system of registration, which records the ownership of, and any encumbrances on, a particular piece of real estate. Here we analyse how Sweden's Riksens Ständers Bank handled the uncertainties of the mortgage lending market c. 1680–1700, when there was no coherent system of property registration. The bank tried to make registration compulsory, but when influential groups opposed this move, the bank had to modify its lending practices. The study thus sheds light on the somewhat fraught initial stages of the shifts in the credit system, which from the latter half of the seventeenth century onwards, saw personal trust replaced by system trust, and private credit replaced by institutional credit.

Place, publisher, year, edition, pages
2019. Vol. 34, no 2, p. 209-230
National Category
History
Research subject
History
Identifiers
URN: urn:nbn:se:uu:diva-390486DOI: 10.1017/S026841601900016XISI: 000477648100003OAI: oai:DiVA.org:uu-390486DiVA, id: diva2:1341801
Funder
The Jan Wallander and Tom Hedelius Foundation, P16-0103Available from: 2019-08-12 Created: 2019-08-12 Last updated: 2019-09-26Bibliographically approved

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Pihl, Christopher

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